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Mayer Brown

1221 AVENUE OF THE AMERICAS, NEW YORK, NY 10020-1001, USA
Tel:
Work +1 212 506 2500
Fax:
Fax +1 212 262 1910
Email:
Web:
www.mayerbrown.com

David Duffee

Tel:
Work +1 212 506 2630
Email:
Mayer Brown

Work Department

Finance

Position

David Duffee is a finance partner in Mayer Brown’s New York office, and is the leader of the firm’s New York Banking & Finance practice. He advises financial institutions and borrowers in lending transactions – both for US-based borrowers and in cross-border financings. A significant part of David’s practice focuses on Latin American lending.

Acquisition financings comprise a large part of David’s practice. He also works on lending transactions with insurance company borrowers. He has extensive experience with work-outs, debtor-in-possession financings and other distressed situations.

Education

Columbia Law School, JD 1984, Head Casenote and Comment Editor, Columbia Journal of Transnational Law, Harlan Fiske Stone Scholar; St. Olaf College, BA, magna cum laude 1981, Phi Beta Kappa; National Merit Scholar


Latin America: International firms

Banking and finance

Within: Banking and finance

Mayer Brown’s breadth of product range and geographic coverage has served it well during a volatile period in the Latin America banking and finance sector. Despite fewer syndicated deals in the market, the firm has found bilateral loans a relatively fruitful segment of the market. Its expanding presence in Mexico City has brought an uptick in lending transactions in the newly liberalised hydrocarbons sector, including financings involving a capital markets component and drillship sector loans. Real estate deals in Mexico and Central America are another strength of the practice. Clients include Goldman Sachs, Banco Santander, Citibank, Mizuho Bank, Scotiabank, JP Morgan, Credit Suisse and OPIC. The practice advised IFC and the OPEC Fund for International Development on the restructuring of major Latin American shipping group Ultrapetrol, which included the sale of approximately $65m of term loan financings, and also represented a syndicate of banks in the amendment and extension of a $1.5bn credit facility for Freeport-McMoRan subsidiary, Sociedad Minera Cerro Verde. Other matters included advising Mizuho Bank as lead arranger on a $193m syndicated loan to Panama-based multilateral lender Banco Latinoamericano de Comercio Exterior (Bladex). Chicago-based co-head of the Latin America practice and co-head of the firm’s global banking and finance practice, Douglas Doetsch is a ‘big player’ who is ‘extremely smart’, ‘pragmatic’ and is ‘always working to look for solutions’. New York partner David Duffee is co-head of the firm’s global lending practice and has a high degree of focus on Latin America, with a strong record in syndicated lending and acquisition finance. A ‘great lawyer’ who is ‘always mindful of the interest of the client’, New York and Washington DC partner Christopher Erckert couples ‘vast experience and market knowledge’ with a ‘practical approach to facilitate an efficient execution’; he demonstrates a ‘client-oriented approach’ and ‘unparalleled understanding of Latin America and structured finance transactions’. Other notable figures include Washington DC’s Gabriela Sakamoto, who advises a range of lenders, including banks, MLAs and export credit agencies (ECAs); Mexico City partner Ariel Ramos, who has broad financing experience in the jurisdiction, most notably in relation to projects; and Eduardo Lima at Brazilian associate firm Tauil & Chequer Advogados in association with Mayer Brown who is highlighted for his versatility and has extensive experience in restructurings and refinancings. Chicago-based senior figure Debora de Hoyos is also highly regarded.

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United States: Finance

Commercial lending

Within: Commercial lending

Mayer Brown’s ‘overall excellent’ finance team is popular for lender and borrower work, and has well-stocked teams in New York, Chicago, Charlotte and Houston. Jointly led by David Duffee in New York and Douglas Doetsch in Chicago, the firm is strong in several areas, including energy finance, fund finance and Latin American financings (an area where Doetsch has particular expertise). Recent highlights on the lender side include advising the Bank of Nova Scotia, the Bank of Tokyo-Mitsubishi, BNP Paribas, Citigroup Global Markets and HSBC Securities on a $1.5bn loan extension to Sociedad Minera Cerro Verde. Sumitomo Mitsui Banking Corporation is another client, which it advised on a $1.25bn syndicated loan to KKR Asian Fund III. Significant borrower mandates included advising Yum! Brands on a $3.5bn refinancing, and acting for Frontier Communications Corporation on $1.5bn term loan. Other major clients include Plastipak Holdings, Brookfield Real Estate Finance Fund, and the Jordan Company. Key partners include Adam Wolk and the ‘top notch’ Kristin Rylko. The firm recently expanded in New York following the recruitment of Scott Zemser from Allen & Overy LLP.

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